09:19     NORTHERN INT'L<00736> - Announcement (2)                            

    On 7 January 2005, the Company received an enquiry from the               
    Stock Exchange regarding certain unusual movements in the                 
    price and trading volume of the Shares on the same date. All              
    directors of the Company had been enquired and confirmed that             
    they were not aware of any reasons for such unusual movements,            
    save for the announcements dated 15 December 2004, 29 December            
    2004, 4 January 2005 issued by the Company. The Company was               
    then informed by Mr. Alexander Chu at about 12:30 on 7 January            
    2005 that he disposed of 4,500,000 Shares (representing                   
    approximately 0.09% of the total number of shares in issue of             
    the Company) on the market on 4 January 2005 at the average               
    price of HK$0.043 per Share (the "Unannounced Disposal").                 
    Before the above sale, Mr. Alexander Chu held 4,500,000 Shares            
    (representing approximately 0.09% of the total number of                  
    shares in issue of the Company). After the above sales, Mr.               
    Alexander Chu held nil Shares. Approximately 0.51% of trading             
    volume of the Shares on 4 January 2005 was attributable to the            
    sale of Shares by Mr. Alexander Chu.                                      
                                                                              
    Mr. Alexander Chu confirmed on 7 January 2005 that he informed            
    the Company at about 15:00 on 4 January 2005 that he had not              
    dealt in any Shares and he had not informed the Company in                
    accordance with the Written Notification thereafter until 7               
    January 2005.                                                             
                                                                              
    The Unannounced Disposal was not mentioned in the Announcement            
    because Mr. Alexander Chu forgot the Written Notification and             
    verbal advices from the Company and made the Unannounced                  
    Disposal after his confirmation with the Company at about                 
    15:00 on 4 January 2005 without informing the Company                     
    immediately after the Unannounced Disposal. The Stock Exchange            
    is looking into the matter and, reserves the right to take                
    action against the Company and its directors.                             
                                                                              
    As at the date of this announcement, the executive directors              
    of the Company are Mr. Chong Sing Yuen, Mr. Chu Kiu Fat, Mr.              
    Wong Siu Keung, Joe, Mr. Chong Chun Kwok, Piggy and Mr. Chong             
    Chun Hing; the non-executive director is Mr. Chu Bu Yang,                 
    Alexander; and the independent non-executive directors are Mr.            
    Chan Ping Yim, Mr. Chan Shun and Mr. Cheng Kwok Hing, Andy.               
                                                                              
    Made by the order of the Board, the directors of which                    
    individually and jointly accepted responsibility of the                   
    accuracy of this statement.                                               
                                                                              
    By order of the Board                                                     
    Chong Sing Yuen                                                           
    Chairman                                                                  
                                                                              
    Hong Kong, 7 January 2005